Five banks–Spuerkeess, Banque Internationale à Luxembourg, Banque Raiffeisen, Société Nationale de Crédit et d’Investissement (SNCI) and Banque de Luxembourg–have together pledged a total of €250m for a from developers, called Prolog S.A. If the mechanism is used to the full, it will enable between 800 and 1,300 homes to be put on the market, the Luxembourg Bankers’ Association (ABBL) announced in a press release issued 8 July 2024.
“The promise to purchase that Prolog S.A. provides provides predictability: for buyers who have already invested in the project. For developers who wish to complete their construction. For the…
